Zenith Health Care Ltd

About [ edit ]

Zenith Health Care is engaged in the business of Pharmaceutical products.

  • Market Cap 44.2 Cr.
  • Current Price 8.22
  • High / Low 15.4 / 0.77
  • Stock P/E 50.8
  • Book Value 1.30
  • Dividend Yield 0.00 %
  • ROCE 9.82 %
  • ROE 9.34 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Debtor days have improved from 39.92 to 31.08 days.

Cons

  • Stock is trading at 6.32 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 28.74%
  • Company has a low return on equity of 5.65% for last 3 years.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
2.82 4.35 1.64 1.72 2.18 4.29 2.17 3.28 2.24 5.78 3.26 3.25
2.67 4.26 1.48 1.67 2.23 4.26 2.09 3.08 1.99 5.48 3.00 3.20
Operating Profit 0.15 0.09 0.16 0.05 -0.05 0.03 0.08 0.20 0.25 0.30 0.26 0.05
OPM % 5.32% 2.07% 9.76% 2.91% -2.29% 0.70% 3.69% 6.10% 11.16% 5.19% 7.98% 1.54%
Other Income 0.01 0.07 0.04 0.01 0.01 0.08 0.07 0.12 0.02 0.10 0.04 0.12
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00
Depreciation 0.08 0.06 0.06 0.06 0.06 0.06 0.06 0.06 0.07 0.05 0.06 0.06
Profit before tax 0.08 0.10 0.14 0.00 -0.10 0.05 0.09 0.26 0.19 0.35 0.24 0.11
Tax % 25.00% 0.00% 0.00% -30.00% 0.00% 0.00% 0.00% 10.53% 0.00% 0.00% 0.00%
Net Profit 0.06 0.10 0.14 0.00 -0.13 0.05 0.09 0.26 0.17 0.35 0.24 0.11
EPS in Rs 0.01 0.02 0.03 0.00 -0.02 0.01 0.02 0.05 0.03 0.07 0.04 0.02
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3.63 4.02 4.39 3.80 4.01 3.27 3.64 3.46 4.79 9.51 9.83 11.98 14.53
3.51 3.78 3.91 3.76 4.15 3.54 3.68 3.69 4.73 8.95 9.63 11.43 13.67
Operating Profit 0.12 0.24 0.48 0.04 -0.14 -0.27 -0.04 -0.23 0.06 0.56 0.20 0.55 0.86
OPM % 3.31% 5.97% 10.93% 1.05% -3.49% -8.26% -1.10% -6.65% 1.25% 5.89% 2.03% 4.59% 5.92%
Other Income 0.12 0.25 0.08 0.13 0.32 0.10 0.05 0.12 0.08 0.13 0.21 0.30 0.28
Interest 0.00 0.01 0.01 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.00 0.01 0.01
Depreciation 0.21 0.18 0.16 0.15 0.17 0.24 0.35 0.35 0.30 0.28 0.25 0.25 0.24
Profit before tax 0.03 0.30 0.39 0.02 0.01 -0.41 -0.35 -0.47 -0.17 0.40 0.16 0.59 0.89
Tax % 33.33% 33.33% 33.33% 50.00% 100.00% 31.71% 31.43% 36.17% 11.76% 32.50% 18.75% 3.39%
Net Profit 0.02 0.20 0.26 0.01 0.01 -0.27 -0.24 -0.31 -0.15 0.27 0.14 0.57 0.87
EPS in Rs 0.00 0.04 0.05 0.00 0.00 -0.05 -0.04 -0.06 -0.03 0.05 0.03 0.11 0.16
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:12%
5 Years:27%
3 Years:36%
TTM:22%
Compounded Profit Growth
10 Years:11%
5 Years:34%
3 Years:80%
TTM:222%
Stock Price CAGR
10 Years:24%
5 Years:57%
3 Years:135%
1 Year:765%
Return on Equity
10 Years:0%
5 Years:2%
3 Years:6%
Last Year:9%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37 5.37
Reserves 0.45 0.67 0.93 0.94 0.95 0.68 0.48 0.17 0.02 0.29 0.43 1.03 1.61
Borrowings 0.09 0.15 0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00
0.48 0.75 0.61 0.70 0.80 0.78 0.60 1.04 0.74 1.43 1.14 2.14 2.35
Total Liabilities 6.39 6.94 6.95 7.01 7.12 6.83 6.45 6.58 6.13 7.09 6.96 8.54 9.33
1.40 1.24 1.13 1.12 1.62 1.37 2.17 1.93 1.75 1.81 1.62 1.70 1.80
CWIP 0.00 0.00 0.00 0.00 0.00 0.79 0.00 0.00 0.00 0.00 0.00 0.17 0.00
Investments 0.00 0.00 0.20 0.20 0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.99 5.70 5.62 5.69 5.30 4.67 4.28 4.65 4.38 5.28 5.34 6.67 7.53
Total Assets 6.39 6.94 6.95 7.01 7.12 6.83 6.45 6.58 6.13 7.09 6.96 8.54 9.33

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.07 -0.33 0.26 0.21 0.01 -0.07 0.19 0.23 0.23 0.00 -0.06 1.95
0.18 0.23 0.07 0.11 -0.07 -0.44 -0.14 0.01 -0.12 0.00 -0.05 -0.50
0.05 0.07 -0.27 -0.05 -0.01 0.00 0.00 0.00 0.00 0.00 0.02 -0.02
Net Cash Flow 0.30 -0.03 0.06 0.27 -0.07 -0.51 0.05 0.24 0.11 0.00 -0.09 1.44

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 0.51% 5.12% 6.38% 0.32% -3.01% -6.79% -5.71% -8.08% -2.93% 7.42% 2.79% 9.82%
Debtor Days 178.98 205.20 199.54 217.08 212.08 218.78 183.50 132.92 84.58 54.88 33.79 31.08
Inventory Turnover 2.58 2.47 2.37 2.12 2.47 1.99 2.22 1.53 1.98 3.79 3.56 3.50

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
28.74 28.74 28.74 28.74 28.74 28.74 28.74 28.74 28.74 28.74 28.74 28.74
0.39 0.39 0.39 0.39 0.39 0.39 0.39 0.40 0.39 0.39 0.39 0.39
70.87 70.87 70.87 70.87 70.87 70.87 70.87 70.86 70.87 70.87 70.87 70.87

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